Wednesday, 28 January 2015
Last updated 11 hours ago
Jun 10 2011 | 2:03am ET
Once tipped for the job himself, Bridgewater Associates' top lawyer headed south to Washington, D.C., to support extending Federal Bureau of Investigation Director Robert Mueller's turn in office.
James Comey, a former deputy attorney general and U.S. Attorney in Manhattan under President George W. Bush, told the Senate Judiciary Committee that is was imperative to keep his friend Mueller on the job for another two years.
"There are bad, and even potentially dangerous, times to change directors, and this is one of them," Comey said. "I no longer have access to threat intelligence, but common sense and the publicly-available information tell me that the combination of the successful raid on bin Laden's compound and the approaching 10th anniversary of 9/11 creates an unusual threat environment."
Mueller took the job shortly before the Sept. 11, 2001, terrorist attacks, and FBI directors are limited to a 10-year term under the law. President Barack Obama has proposed extending his term for two years.
Comey serves as Bridgewater's general counsel. He was reportedly loathe to give up that lucrative gig to take over the FBI.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…